Robinhood hypes 15-minute bitcoin bets before earnings
Prediction-markets chief JB Mackenzie says bitcoin, gold & oil contracts now “dominate the marketplace” ahead of Tuesday’s results.
The hit
Robinhood’s prediction-markets boss JB Mackenzie says bitcoin, gold & crude oil contracts now “dominate the marketplace”, with some bitcoin bets running on 15-minute windows. The comments, made at a New York conference & reported by CoinDesk, land as Robinhood heads into its next earnings.
Why it matters
Event contracts are no longer a side hustle for Robinhood. They pulled in $156m last quarter, beating equities & crypto trading revenue, & management now frames them as a gateway to other products. Tuesday’s results will show whether that growth is covering for a 38% drop in crypto transaction revenue, or just adding noise.
The record
| HOOD close, 23 Oct | $95.07, down 1.56% on the day |
|---|---|
| Event contracts traded, Q2 2026 | 13.6bn, over 10x year-earlier volume |
| Director sale | Baiju Bhatt’s trust sold 50,912 shares at ~$101.40 on 21 Oct (SEC filing) |
| Analyst targets | Rosenblatt Buy, $135 target; JPMorgan Neutral, $115 target |
What happens next
Robinhood reports Q3 2026 earnings after the US market closes on Tuesday 27 October, with a call at 5pm Eastern. Watch for full September event-contract volumes & whether crypto weakness offset gains.
Sources: HOOD Stock at $95 Before Q3: Can $156M Event Bets Lift It?
18+. Betting involves risk. If gambling is a problem for you or someone close to you, help is available.
Work with BH Group. Paid ads that get iGaming & crypto brands players & users, in the GEOs you choose. Get a plan
Discussion
Ask a question, add useful context or share a source. Keep it relevant & respectful.
Add a comment